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Environmental and Natural Resource Economics
Jonathan M. Harris, Tufts University
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Chapter 13: Energy: The Great Transition
- What is the difference between economic and thermodynamic efficiency?
- How has global energy use grown in the past 50 years? What is expected to happen in the future?
- What is the Hubbert curve? Has it accurately predicted U.S. and global oil production?
- What are the three possible errors of optimistic predictions of future oil production?
- Is it currently possible to dramatically reduce energy demand without reducing living standards?
- What are some of the factors that maintain our dependence on fossil fuels?
- Why might installation of renewable energy be more feasible in developing countries?
- How can low fossil fuel prices be viewed as a market failure?
- What are the environmental effects of electricity deregulation?
- What are some policies that could encourage a transition to renewable energy sources?
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